OKX released its third proof of reserves report, showing a 16.64% increase in reserves to $7.5 billion

2023-01-19 18:36:01

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ChainCatcher news, OKX announcement shows that OKX officially released the third Proof of Reserves (PoR) report on January 18, 2023. The total value of reserves increased from $6.43 billion last month to $7.5 billion, a growth of 16.64%, indicating a continuous net inflow.

According to the latest data from the OKX official website, the reserve ratios for BTC, ETH, and USDT all exceed 100%, standing at 105%, 105%, and 101% respectively. Among them, user BTC asset accumulation increased by 4.9%, adding 5,490 BTC; user ETH asset accumulation grew by 8.1%, adding 87,986 ETH; user USDT asset accumulation remained roughly stable, with an actual increase of about $250 million in user asset accumulation this month.

In addition, this time OKX's PoR also introduced a new feature that displays audit snapshot data, which can help users better understand the accounting process of total asset value. OKX promises to regularly release PoR reports. It is reported that OKX is currently the only exchange that has achieved open-source verification of Merkle tree, open-source verification of wallet address ownership, and open-source verification of on-chain assets. (source link)

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OKX Proof of Reserves

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